About Ayro Retail Solutions Private Limited
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Ayro Retail Solutions Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Aycon Graph Connect Private Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 23 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC441194. Its GSTIN is 27AAGCC8460R1ZV (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ayro Solutions Private Limited and Caerus Consumer Retail Private Limited. It is led by directors including Ashish Tiwari (Whole-Time Director) and Shrikrishna Mrugendra Kotkar.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.25 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹76.85 Cr and EBITDA of -₹59.09 Cr (EBITDA margin -482.5%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 193% over five years.
The company has about 442 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Retailio.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website retailio.in.
Company details
Name history
Ayro Retail Solutions has undergone 2 name changes throughout its history. The company was previously known as Ayro Solutions Private Limited, and Caerus Consumer Retail Private Limited. The current legal name is Ayro Retail Solutions Private Limited.
| Company Name | Status |
|---|---|
| Ayro Retail Solutions Private Limited | Current |
| Ayro Solutions Private Limited | Previous |
| Caerus Consumer Retail Private Limited | Previous |
CIN history
Ayro Retail Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74999MH2017PTC441194, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2017PTC441194 | Current |
| U74999MH2017PTC291571 | Previous |
| U74999PN2017PTC190721 | Previous |
Contact details
Ayro Retail Solutions Private Limited's registered office is in Thane, Maharashtra.
- Social Media
- Apps
- Registered AddressD – 37/3 Ttc. MIDC Industrial Area, Turbhe Navi Mumbai, Thane, Maharashtra, India – 400705
- IndustryFinancial Services, Online Payment Gateways
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ayro Retail Solutions operates one associated brand: Retailio. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmacies, distributors, and manufacturers are connected via a B2B platform. | retailio.in |
Financials of Ayro Retail Solutions Private Limited
FY 2025 filings availableAyro Retail Solutions Private Limited reported revenue of ₹12.25 Cr (up 205% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 193% over five years, including 205% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹59.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹76.85 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -482.5% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Ayro Retail Solutions Private Limited, buy the company report.
Board of directors of Ayro Retail Solutions Private Limited
Ayro Retail Solutions has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikrishna Mrugendra Kotkar | Director | 27 Jan 2025 | 1 Years 8 Months | Current |
| Uday Patel Kadam Also directs: Thyrocare Technologies Limited, Allumer Medical Private Limited, Mahaveer Medi-Sales Private Limited and 5 more | Director | 20 Jan 2025 | 1 Years 9 Months | Current |
| Ashish Tiwari | Whole-Time Director | 14 Nov 2019 | 6 Years 11 Months | Current |
Legal cases
No court or tribunal cases involving Ayro Retail Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ayro Retail Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ayro Retail Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC8460R1ZV | Maharashtra | Active | 19 Feb 2019 |
| 08AAGCC8460R1ZV | Rajasthan | Active | 15 Nov 2017 |
| 07AAGCC8460R1ZX | Delhi | Active | 12 Dec 2019 |
To see the full GST registrations and return filing status of Ayro Retail Solutions Private Limited, buy the company report.
Recent activity
Ayro Retail Solutions Private Limited has 9 board changes on record since 2017: 3 appointments and 6 cessations. The latest: Shrikrishna Mrugendra Kotkar ceased to be Additional Director on 19 Sep 2025.
News
Frequently asked questions
Ayro Retail Solutions is an active private limited company based in Thane, Maharashtra, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 23 February 2017 (9+ years old) and is registered under CIN U74999MH2017PTC441194.
Ayro Retail Solutions has 3 current directors:
- Ashish Tiwari - Whole-Time Director
- Shrikrishna Mrugendra Kotkar - Director
- Uday Patel Kadam - Director
The latest financial statements of Ayro Retail Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ayro Retail Solutions is 27AAGCC8460R1ZV, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 08AAGCC8460R1ZV (Rajasthan), 07AAGCC8460R1ZX (Delhi).
The CIN (Corporate Identification Number) of Ayro Retail Solutions is U74999MH2017PTC441194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ayro Retail Solutions was incorporated on 23 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Shrikrishna Mrugendra Kotkar ceased to be Additional Director on 19 Sep 2025. Uday Patel Kadam ceased to be Additional Director on 19 Sep 2025. Shrikrishna Mrugendra Kotkar was appointed as Director on 27 Jan 2025. Ayro Retail Solutions has 9 board changes on record in total.
Ayro Retail Solutions can be reached through the website retailio.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Ayro Retail Solutions is at D – 373 Ttc. MIDC Industrial Area, Turbhe Navi Mumbai, Thane, Maharashtra, India – 400705.
Ayro Retail Solutions operates in the financial services industry, in the online payment gateways segment.